FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Large Drop in Short Interest

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 10,900 shares, a decline of 69.4% from the January 15th total of 35,600 shares. Based on an average trading volume of 50,800 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of FlexShares Credit-Scored US Corporate Bond Index Fund

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the third quarter worth $70,000. Nations Financial Group Inc. IA ADV lifted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company’s stock valued at $1,148,000 after purchasing an additional 4,365 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the third quarter valued at $3,533,000. Horizon Bancorp Inc. IN lifted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 18.2% during the third quarter. Horizon Bancorp Inc. IN now owns 222,207 shares of the company’s stock valued at $10,915,000 after purchasing an additional 34,148 shares in the last quarter. Finally, Harbour Trust & Investment Management Co lifted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 1.8% during the third quarter. Harbour Trust & Investment Management Co now owns 307,378 shares of the company’s stock valued at $15,098,000 after purchasing an additional 5,583 shares in the last quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

Shares of SKOR traded down $0.15 during trading hours on Wednesday, hitting $47.70. The stock had a trading volume of 43,242 shares, compared to its average volume of 54,144. FlexShares Credit-Scored US Corporate Bond Index Fund has a 12 month low of $46.67 and a 12 month high of $49.26. The stock has a fifty day moving average price of $47.85 and a 200 day moving average price of $48.29.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 7th. Investors of record on Monday, February 3rd were issued a $0.2012 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous dividend of $0.19.

About FlexShares Credit-Scored US Corporate Bond Index Fund

The FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of intermediate-maturity, investment-grade corporate bonds that are selected and weighted by fundamental factors. SKOR was launched on Nov 12, 2014 and is managed by FlexShares.